NIFTY Futures Mechanical Trading

nadodav · #**181** 18th January 2008, 06:12 PM

Quote:

Originally Posted by saurik

can u chat online with me?

yes sure you can. my yaho id is same as traderji id. but chatting may not be much useful as i may not be in position to answer your queries as i only trade nifty & that too positional trades only as per the level that i am giving here. but still if you wish you can.

Vinod

nadodav · #**182** 18th January 2008, 06:20 PM

Quote:

Originally Posted by Dr.ANAND

Hello,
I am fresh entry to this site and this mail ia the 1st message I had just read, for which I am looking for quiet some time.I am doctor with Anaesthesia specialisation working in Mysore as professor of Anaesthsia in Mandya medical college, Mandya, Karnataka.
Ihave entered trading afresh in 2004 and started f&o in 2005.Doing good lot of money and everything and much more I had lost in 2006 market collapse, from which I am yet to recover.
Very recently I entered into only nifty trading.Your trade is very nice in 2007 and I want to follow it.Pl let me know what is the basis of arriving at support and reasistance level.

Hello Dr. Anand,
Welcome to the thread. I suggest you paper trade for atleast two months before putting actual money at trade or you can start with MINIFTY contract. As you should have read, the approach is purely mechanical and you have to be in trade always. you also have to be prepared for series of losses. please also go through last year result file and study. But once you decide to trade, than you have to take all the trades that come to your way. I am also seeing people taking 2-3 loss making trades and than stops & ultimetley missing big profitable trades. If you have any queries or doubt, pl let me know.

Thanks & Regds,

Vinod

sureshb65 · #**183** 19th January 2008, 01:04 AM

i have been following you keenly and am impressed with your performance. keep it up. may god bless you

ravalsb · #**184** 19th January 2008, 07:53 AM

Hope even this would help readers.

http://www.niftyfuture.com/freeanalysis.php

Happy Trading

nadodav · #**185** 19th January 2008, 12:03 PM

NIFTY FUTURE For January 21,

Current position : SHORT (at 6210 on 10/01/2007)

Nifty Fut Closed at : 5730.35

Profit/(Loss) in current trade : +479.65 (as per last closing price)
Net Profit / (Loss) since thread started : +846.65 (367.00+479.65)

Support : 5719
Resistance : 5895

Hold SHORT positions with SL 5895. If trades above 5895, exit SHORT & go LONG with SL 5719.

All new members visiting first time are requested to read all messages start from first one before going ahead.

Nifty Fut.xls updated in my 1st message.

Happy Trading.

Vinod

pravinaca · #**186** 19th January 2008, 03:40 PM

Hi Vinod sir,

Would highly appreciate if you can guide me on money management for nifty trading like how much capital i should have for trading one lot i.e 50

Thanks in advance

Pravin

MAHENDRA B JAIN · #**187** 19th January 2008, 04:35 PM

Dear Vinod,

I have been through your thread n came across the followings :

1. You have not taken brokerage into calculations.

2. You have also not taken into calculations, the filter u have mentioned,
about 5 to 10 points above resistance n below support.

If u take into calculations, brokerage n filter of 10 points, the gain
is reduced by 70% Then ur strategy becomes unattractive n risky.

With Regards,
MAHENDRA

marcus · #**188** 19th January 2008, 05:09 PM

The strategy is no doubt risky as losses are considerable but as long as the index trends upwards or downwards the strategy will continue to work, you need courage to trade this way.

Even considering brokerage and slippage nadodav would be at about 80% return since he started ie in less than 3 months.

nadodav · #**189** 19th January 2008, 08:18 PM

Dear Mahendra,

I do agree. But at the same time, we are also trading most riskiest product of financial market so we have to take some amount of risk. If we chooses to reduce the risk, than accordingly gain also will reduce. But what i think is, the risk is involved in initial part of trading. If we encounter some loss making trades initially, we may feel it is very risky. At the same time, we also aware about our max possible loss at the time of taking a position. so we can choose to out of trade during rangebound market or when we have e.g. say 5-6 consecutive loss making trades or say 400 points cumulative loss etc & can again start whenever we may feel comfirtable though i always take all the trades as we do not know which trade will give you good gain. i am following since almost two years and has good profits so i do not mind to loose couple of hundread points. But for initial trading risk, one has to be prepared for around 400 points loss before starts trading. As I have also said in my earlier messages, one can start with MINIFTY contract and after having gain of 800-100 points, can switch to NIFTY.

Vinod

nadodav · #**190** 19th January 2008, 08:36 PM

Quote:

Originally Posted by pravinaca

Hi Vinod sir,

Would highly appreciate if you can guide me on money management for nifty trading like how much capital i should have for trading one lot i.e 50

Thanks in advance

Pravin

Dear Pravin,

I suggest to start with MINIFTY contract by keeping around Rs. 25000 towards margin and M2M requirement. Once you have around 1000 points gain, you can switch to regular NIFTY lot. But do not take position eitherside in current situation as SL range is very wide. let it fall around 100 points, than you can start.

Thanks & Regards,

vinod